Schroders poaches whole Latin team

Schroders has hired the entire 24-strong Latin American sales and research unit of Spain's largest broking firm, the Morgan Stanley Dean Witter-owned AB Asesores.

The Latin American unit, called AB Moneda, includes four salespeople and 17 analysts as well as Jacobo Llanza, head of research and strategy â who will be reunited with his brother Alvarro Llanza at Schroders. Morgan Stanley bought AB Asesores in February this year, but the Moneda unit has not sat comfortably in the Morgan Stanley structure. The team's move gives...